GDP 1000 Government Expenditure 120 Investment Expenditure 160 Consumption Expenditure 700 Imports 80 1) Use the...
GDP 1000 Government Expenditure 120 Investment Expenditure 160 Consumption Expenditure 700 Imports 80 1) Use the data in the table above to answer the following questions. a) [3 points] Based on the data provided above, what is the value of National Savings? b) [3 points] Is this country a lender or a borrower? c) [3 points] What is the value of exports?
Homework Answers
a) Ans: 180
Explanation:
National Savings = GDP - C - G = 1000 - 700 - 120 = 180
b) Ans: Lender
Explanation:
Domestic Savings = National Savings = 180
Domestic Investment = 160
Trade Surplus = Domestic Savings - Domestic Investment = 180 - 160 = 20
So, the country is a lender.
c) Ans: 100
Explanation:
GDP = C + I + G + X - M
1000 = 700 + 160 + 120 + X - 80
1000 = 900 + X
X = 1000 - 900 = 100
Thus, Export is 100.
Add Answer to:
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The table shows real? GDP, Y?, consumption? expenditure, C?, ?investment, I?, government expenditure on goods and?...
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Y?,
consumption? expenditure,
C?,
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I?,
government expenditure on goods and? services,
G?,
?exports,
X?,
?imports,
M?,
and aggregate planned? expenditure, and
AE?,
in millions of dollars. Taxes are constant.
If investment crashes to? $0.55 trillion but nothing else?
changes, what is equilibrium expenditure and
what is the? multiplier?
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Y?,
consumption? expenditure,
C?,
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I?,
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G?,
?exports,
X?,
?imports,
M?,
and aggregate planned? expenditure, and
AE?,
in millions of dollars. Taxes are constant.
If investment crashes to? $0.55 trillion but nothing else?
changes, what is equilibrium expenditure and
what is the? multiplier?
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